Red Lion Hotels Corporation Investigation

We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Red Lion Hotels Corporation (“RLH” or the “Company”) (NYSE American: RLH) in connection with the proposed acquisition of the Company by Sonesta International Hotels Corporation. Under the terms of the agreement, the Company’s shareholders will receive $3.50 in cash for each share of RLH common stock that they own.

WeissLaw is investigating whether (i) RLH’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $3.50 per-share merger consideration adequately compensates RLH’s shareholders; and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

Other Cases

April 27, 2021

Millendo Therapeutics, Inc. Investigation

We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Millendo Therapeutics, Inc. (“Millendo” or the “Company”) (NASDAQ: MLND) in connection with the proposed merger of the Company with privately-held clinical-stage oncology company Tempest Therapeutics, Inc. (“Tempest”). Under the terms of the merger agreement, the two companies will combine their businesses in an all-stock transaction that will result in one combined entity that will trade publicly on the Nasdaq Capital Market. At close of the transaction, Tempest shareholders are expected to own 81.5% of the newly-combined company, with Millendo stockholders owning only approximately 18.5%.

Join Case →

April 27, 2021

Bank of Santa Clarita Investigation

We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Bank of Santa Clarita (“BSCA” or the “Company”) (OTC: BSCA) in connection with the proposed acquisition of the Company by Southern California Bancorp (“BCAL”) (OTC: BCAL). Under the terms of the merger agreement, BSCA shareholders will receive 1.00 share of BCAL common stock for each BSCA share that they own, representing implied per-share merger consideration of approximately $14.15 based upon BCAL’s April 26, 2021 closing price of $14.15. Upon closing of the merger, current BCAL shareholders will own approximately 78% of the combined company, while BSCA shareholders will only own approximately 22.0%.

Join Case →

April 26, 2021

Tremont Mortgage Trust Investigation

We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Tremont Mortgage Trust (“TRMT” or the “Company”) (NASDAQ: TRMT) in connection with the proposed acquisition of the Company by RMR Mortgage Trust (“RMRM”) (NASDAQ: RMRM). Under the terms of the merger agreement, TRMT shareholders will receive 0.520 of a share of RMRM common stock for each TRMT share that they own, representing implied per-share merger consideration of approximately $6.47 based upon RMRM’s April 26, 2021 closing price of $12.45. Upon closing of the merger, current RMRM shareholders will own approximately 70% of the combined company, while TRMT shareholders will only own approximately 30%.

Join Case →